Relevance Of Entrepreneurship

Question 1

Assemble and coordinate
physical, human and financial
resources and direct them
towards achievement of
objectives through managerial
skills.

Answer 1

Creation of organizations

Question 2

Studying a problem,
identify alternative, comparing
alternative cost and benefit
implications. Ex. Team Building
(investing money to innovate)

Answer 2

Development of managerial
capabilities

Question 3

Innovate ideas for
economic development of a
country.

Answer 3

Means of economic
development

Question 4

Make a wide variety of goods and
services available to society.

Answer 4

Improving standard of living